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Kuyu Co.'s sales rose 15.00% over prior year sales of $100,000; however, net income increased by only 3.80% over the prior year's net income.
Kuyu Co.'s sales rose 15.00% over prior year sales of $100,000; however, net income increased by only 3.80% over the prior year's net income. If Kuyu's prior year profit margin was 10.00%, what is the current year profit margin ratio? Note: Round answer to one decimal place (ex: 15.7%) 81.5 x % Check
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